How to Exchange Money in Venice Italy
There is no “free” way to get or spend euros if you travel to Venice from a country that uses another currency. That is to say: You're not going to get or spend money at the pure exchange rate of the day. Nevertheless, some means of getting, exchanging or spending money are less expensive than others.
**Note: There are many currency exchange desks in Venice. The rates charged do vary by location. If you are exchanging money, or you've only got traveler's checks, take a minute to shop around for the lowest rate. The exchange desks at the airport will be the most expensive, followed closely by exchange desks immediately adjacent to major tourist attractions.
**Note: Credit card foreign transaction fees vary by company. If you plan to use a credit card, it would be worthwhile to check the foreign transaction fees associated with your cards before deciding which one to use.
You can open a non-resident Italian bank account, in person, at many banks in Venice. You will need your passport and proof of your address. You can supply foreign currency in cash for the account, or you can wire money into the account. Non-resident accounts can only be funded with foreign currency or imported euros. These accounts are interest bearing and are not taxed in Italy. Italian banks issue “Bancomat” cards that function in the same way as a debit card.
Those are, in a nutshell, the means of getting, exchanging and “saving” money while spending money while traveling abroad to Venice.
- ATM Machines:
- Currency Exchange Desks and Banks:
**Note: There are many currency exchange desks in Venice. The rates charged do vary by location. If you are exchanging money, or you've only got traveler's checks, take a minute to shop around for the lowest rate. The exchange desks at the airport will be the most expensive, followed closely by exchange desks immediately adjacent to major tourist attractions.
- Traveler's Checks:
- Credit Cards:
**Note: Credit card foreign transaction fees vary by company. If you plan to use a credit card, it would be worthwhile to check the foreign transaction fees associated with your cards before deciding which one to use.
- Bank Accounts:
You can open a non-resident Italian bank account, in person, at many banks in Venice. You will need your passport and proof of your address. You can supply foreign currency in cash for the account, or you can wire money into the account. Non-resident accounts can only be funded with foreign currency or imported euros. These accounts are interest bearing and are not taxed in Italy. Italian banks issue “Bancomat” cards that function in the same way as a debit card.
Those are, in a nutshell, the means of getting, exchanging and “saving” money while spending money while traveling abroad to Venice.